A Defined Benefit Plan can allow closely held business owners to significantly enhance their ability to receive income tax benefits and accelerate tax-qualified retirement savings by allowing much greater annual contributions than can be obtained with a 401(k) or Profit-Sharing Plan. As such, these plans have become extremely popular with medical offices, law practices or any small business with significant free cash flow.

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A Cash Balance Plan is a unique type of tax-qualified Defined Benefit Plan structured to be a tax control tool and handle the tax situation for a particular client and has a number of advantages over the traditional Defined Benefit Plan. These advantages include higher funding limits, more flexibility, simpler reporting, and a number of additional desirable benefits.